Closing price reversal

Closing price reversal

Is a technical pattern that signals a change in trend. When supply is greater than demand for securities, price falls to find adequate demand. When the demand below a previous close is significant enough to bring prices to close above the previous close. A CPR or closing price reversal has occurred. The closing price has reversed its trend. In this case from down it up.

The reverse is true at a top. Prices go to a new high above the previous days close. The buying pressure is not strong enough to keep it up there, so prices close lower than before.

Close (adj.)
14c., "strictly confined," also "secret," "confined; concealed, secret; taciturn" (12c.),stop up, fasten, shut, main sense shifting to "near" (late 15c.) by way of "closing the gap between two things." [1]

Price
13c, "price, value, wages, reward," The verb meaning "to set the price of" is attested from late 14c. Price-tag is recorded from 1881. [2]